Despite every critical forecast he made resulting in the exact opposite of what he predicted, the mainstream media, government officials and financial institutions continue to trust him to inform us of the state of our economy, our country’s fiscal health, and the stability of our monetary system (all of which are doing just fine, by the way).

Mr. Bernanke maintains that inflation is under control, the Fed’s loose monetary policy was not responsible for the housing bubble (or any historical price bubbles, for that matter), and full recovery is dead ahead.